To set up a new enterprise, people require capital, and farming requires high initial investment to prepare the land, purchase machinery, set up irrigation facilities, etc.

To fulfill Canadian farmers' capital requirement for establishing & improving farms, they can benefit from The Canadian Agricultural Loans Act (CALA) Program.

For any one farm operation, the maximum loan amount you can get is $500,000 from Lenders, such as banks, credit unions and caisses populaires.

Beginner farmers, existing farmers, start-up farmers, family farmers, agricultural co-operatives, and part-time farmers are eligible for this agricultural loan. 

To apply, visit lender organizations such as chartered banks, credit unions, Alberta Treasury Branches, caisses populaires, or organizations designated by the Minister.

If the loan is taken to purchase land, the repayment period is 15 years, and for other purposes, it is 10 years. The Registration fee is 0.85% of the total loan amount.